Vitalik: Setting up multiple MEV proposers may lead to chain spam problems and bring more negative externalities
Odaily2024/07/05 00:51
By:Odaily
Odaily News Max Resnick, head of research at SMG, wrote on X:
MEV is fundamentally about control. Proposers can control which transactions are included in the block and in what order they are included. In other words, MEV is censorship and reordering. The good news is that it is possible to solve this problem. The first step is to solve censorship resistance and set up multiple parallel proposers; the second step is to solve the reordering problem. Once there is a multi-proposer architecture, the proposers can reach a consensus on a set of disordered transactions, and the execution layer is responsible for sorting them using deterministic rules. In response, Vitalik Buterin said: Wouldnt this lead to people collecting MEVs by flooding the chain with transactions, thereby maximizing the chance of being the first? So you still get the MEV auction, but there are more negative externalities on the protocol. We saw this in the ICO era in 2017, when some projects tried to ban transactions with Gas fees higher than 50, and as a result we received a lot of on-chain spam.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trump officially announced that Musk would lead DOGE, and Musk could not hide his excitement
Cointime•2024/11/13 01:55
FTX/Alameda unstaked 4,081,760 SOL in the past year, worth about $864.84 million
Cointime•2024/11/13 01:44
Ethereum ETFs See Record Inflows As Altcoin Season Index Surges
Insidebitcoin•2024/11/13 01:33
Ripple CEO: Bitcoin could reach $1 million by 2030
Cointime•2024/11/13 01:22
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$88,269.3
-0.59%
Ethereum
ETH
$3,273.74
-1.71%
Tether USDt
USDT
$1
+0.04%
Solana
SOL
$210.31
-4.23%
BNB
BNB
$620.34
-6.03%
Dogecoin
DOGE
$0.3875
+8.29%
XRP
XRP
$0.6986
+15.60%
USDC
USDC
$0.9998
+0.03%
Cardano
ADA
$0.5579
-5.18%
TRON
TRX
$0.1846
+10.03%
Bitget pre-market
Buy or sell coins before they are listed, including ZRC, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now